Introduction
Voya Financial*
www.voya.comAssets ($MM) by Plan Type | ||||
---|---|---|---|---|
Ranked #6 | $381,347 | |||
401(k) | $264,484 | |||
403(b) | $44,727 | |||
457 | $64,840 | |||
NQDC | $6,522 | |||
All Other | $774 |
Participants by Plan Size | ||||
---|---|---|---|---|
Ranked #4 | 5,224,453 | |||
<$10MM | 1,165,459 | |||
$10MM – $50MM | 633,556 | |||
>$50MM – $200MM | 505,073 | |||
>$200MM – $1BMM | 769,049 | |||
>$1B | 2,151,316 |
Service Offerings | |
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New client restrictions | None |
Multiple service models | Yes |
Offers corporate trustee services | Yes |
Internal ERISA counsel | 3 |
Will act as §3(16) fiduciary | Yes - via third party |
Participant Services | |
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Call center hours | Weekdays: 8 a.m. - 8 p.m. ET |
Online chat support | Yes |
Mobile app | Yes |
Managed account options | Morningstar/Ibbotson |
Retirement Income | |
---|---|
Displays retirement income estimate on statements | Yes |
Offers in-plan guaranteed retirement income products | Yes |
Offers out-of-plan annuity bidding service | No |
Recordkeeping Platform FIS Omni |
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*Results include totals from PenCal Plan Administrators, which was acquired in Q2. |